Canada: Goods and Services Tax And Harmonized Sales Tax

The following material defines and describes Canada's Goods and Services Tax and Harmonized Sales Tax (GST/HST). Its purpose is to provide the reader with an understanding of the basics of the tax. Those in accounts payable must be aware of what is taxable and not and applicable tax rates in order to assure invoices contain correct tax and information regarding the tax. In case members need more specific detail, several key links are provided here to key tax documents or Web pages of the Canada…